Yon & Heather introduce Conviction Capital.

SPACs aren’t dead — they’re just misunderstood. In this episode of Spark, Yon Perullo speaks with Louis Camhi, founder of RLH Capital, about the evolving landscape of Special Purpose Acquisition Companies.

Louis challenges the conventional view that SPACs are just speculative equity plays, arguing instead that they offer a treasury-backed, fixed-income-like profile with asymmetric upside. From navigating today’s market volatility to the lessons learned post-SPAC boom, this conversation offers a fresh look at how these vehicles can fit into a modern investment strategy.

If you're looking for ways to diversify portfolio risk, spot hidden opportunities, and better understand capital markets innovation, you’ll find a lot to spark your thinking here.

In this episode of Spark, Yon Perullo sits down with Kamal Suppal, founder of Emerging Markets Alternatives, to explore how smaller investment managers can thrive in a competitive and often biased landscape.

With over two decades of experience across global asset management, Kamal explains the importance of rigorous due diligence, the opportunities market turbulence can create for nimble managers, and why defining a clear niche is critical to winning institutional capital.

From practical advice for GPs to insight on how LPs evaluate new managers, this conversation shines a light on the real work — and real opportunity — behind emerging manager investing.